Why did PARR's Q2 2024 EPS fall short?

Par Pacific Holdings, Inc. (PARR) experienced a shortfall in its Q2 2024 earnings per share (EPS) due to several key factors:

1. Lower Margins and Throughput Impacts: The company's Washington refinery faced lower margins and throughput impacts due to planned maintenance activities, which significantly contributed to the decline in earnings.
2. Increased Electricity Costs and Pre-Turnaround Related Operational Expenses: These increased costs, amounting to approximately $5 million, adversely affected the company's profitability, thereby impacting the EPS.

In summary, the shortfall in PARR's Q2 2024 EPS can be attributed to a combination of lower margins and throughput impacts, and increased operational expenses.